Oneok (OKE) Gross Margin (2009 - 2026)

Oneok's Gross Margin history runs 18 years deep, the most recent figure standing at 93.41% for Q1 2026.

• On a quarterly basis, Gross Margin rose 6372.0% year-over-year to 93.41% in Q1 2026; TTM through Mar 2026 was 18.55%, a 223.0% increase from a year earlier, with the FY2025 full-year figure at 30.5%, down 816.0% from the prior year.
• Gross Margin rose to 93.41% in Q1 2026 per OKE's latest filing, from 136.75% in the prior quarter.
• Across five years, Gross Margin topped out at 96.15% in Q2 2022 and bottomed at 136.75% in Q4 2025.
• The 5-year median for Gross Margin is 33.18% (2023), against an average of 31.44%.
• Across the five-year window, Gross Margin jumped 6599 bps in 2022 and sank 13459 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 22.64% in 2022, then sank by 595 bps to 111.96% in 2023, then jumped by 38 bps to 69.0% in 2024, then slumped by 98 bps to 136.75% in 2025, then jumped by 168 bps to 93.41% in 2026.
• Per Business Quant, the three latest OKE Gross Margin figures stand at 93.41% (Q1 2026), 136.75% (Q4 2025), and 30.95% (Q3 2025).